Dr Agarwal’s Health Care has successfully raised ₹875.50 crores from anchor investors, with the company disclosing that it allotted 2.2 crore shares at ₹402 each to these investors. The IPO officially opened for subscription today.
Among the foreign and domestic institutions that participated in the anchor round were notable names such as Government of Singapore, Monetary Authority of Singapore, Government Pension Fund Global, Invesco India Midcap Fund, Fidelity, The Nomura Trust, and Ashoka Whiteoak MF, among others.
The IPO comprises a combination of a fresh issue of up to ₹300 crore and an offer for sale of up to 6.8 crore shares by promoters, investors, and other selling shareholders.
The news was published on January 29, 2025.
